Aperam (OTCMKTS:APEMY) Sees Strong Trading Volume - Time to Buy?

Key Points

• Aperam shares experienced a significant increase in trading volume of 61%, with 950 shares traded, as the stock price fell from $31.13 to $30.20.
• Analysts have downgraded Aperam's stock rating, with Jefferies lowering it from "buy" to "hold" and BNP Paribas from "strong-buy" to "neutral."
• The company reported quarterly earnings of $0.09 per share, missing forecasts, and recently declared a dividend yield of 5.9% with a dividend payout ratio of 54.15%.

Aperam (OTCMKTS:APEMY - Get Free Report) saw strong trading volume on Wednesday . 950 shares changed hands during trading, an increase of 61% from the previous session's volume of 591 shares.The stock last traded at $30.20 and had previously closed at $31.13.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Jefferies Financial Group cut Aperam from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. BNP Paribas cut Aperam from a "strong-buy" rating to a "neutral" rating in a research report on Monday, April 7th.

Aperam Stock Performance

The business has a fifty day simple moving average of $31.34 and a two-hundred day simple moving average of $30.44. The company has a quick ratio of 0.43, a current ratio of 1.73 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.13 billion, a P/E ratio of 8.36 and a beta of 1.36.

Aperam (OTCMKTS:APEMY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.11). Aperam had a return on equity of 2.93% and a net margin of 3.79%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.41 billion. On average, sell-side analysts anticipate that Aperam will post 2.84 EPS for the current year.

Aperam Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 12th. Investors of record on Monday, May 19th were paid a dividend of $0.444 per share. This represents a yield of 590.0%. The ex-dividend date of this dividend was Friday, May 16th. Aperam's dividend payout ratio (DPR) is 54.15%.

About Aperam

Aperam SA, together with its subsidiaries, produces and sells stainless and specialty steel products worldwide. It operates through four segments: Stainless & Electrical Steel; Services & Solutions; Alloys & Specialties; and Recycling & Renewables. The company offers a range of stainless steel products, including grain oriented and non-grain oriented electrical steel products, and specialty alloys.